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Ultima Markets: 【 Market hotspots 】ECBHold still, bank stocks pour in to sell under pressure

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Ultima Markets: 【 Market hotspots 】ECBHold still, bank stocks pour in to sell under pressure516 / author:Ultima_Markets / PostsID:1728097

The European Central Bank(ECB)On4At the monthly meeting, we will stick to our pace to combat inflation and maintain interest rates at historic highs. The main refinancing interest rate remains stable at4.5%Maintain the overnight lending rate at4%, all reach22Annual peak. Despite seeing a cooling of inflation and a slowdown in core price and wage growth, the bank still stated the need for caution, citing pressure and instability in service prices.

Regarding the expectation of interest rate cuts, the European Central Bank stated that if inflation stabilizes 2% If we move towards our goal, we are willing to consider relaxing our monetary policy stance. The President of the European Central Bank, Lagarde, emphasized that future interest rate decisions are based on data and pointed out that the central bank has not committed to following predetermined policies, but has chosen to respond dynamically to constantly changing economic conditions.

After the European Central Bank's interest rate decision, the euro depreciated,1Euro exchange rate1.07USD, setting a record of approximately2The lowest level in the past month. European stock markets experienced selling pressure on Thursday,STOXX 50Index decline0.7%Touching4Zhougudi 4,966 Points, while covering more constituent stocks STOXX 600Index decline0.4%, received at504 Points.


The banking sector has the greatest impact, with large banks including UniCredit Bank (UniCredit)Spanish Foreign Bank(BBVA)And Santander Bank(Santander)Ingestion approaching3%Decline.


Ultima Markets: 【 Market hotspots 】ECBHold still, bank stocks pour in to sell under pressure355 / author:Ultima_Markets / PostsID:1728097
(EUR/USD)Monthly chart


Ultima Markets: 【 Market hotspots 】ECBHold still, bank stocks pour in to sell under pressure616 / author:Ultima_Markets / PostsID:1728097
STOXX 50Index monthly chart




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The comments, news, research, analysis, prices, and other data contained in this article can only be considered as general market information and are only provided to assist readers in understanding the market situation, and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such data.






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